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Search Results 0 to 49 of about 83 (some duplicates have been removed)
name in a well-known, national department store chain. erika miller reports from the runway. >> reporter: the colors are bright, the prints bold, the fabrics soft and delicate. designer nanette lepore says the inspiration for her latest collection came from a vase. >> i was inspired by the porcelain room at the charlottenburg palace in berlin. some of the dresses toward the end of the show just look like they are made of glass because of the organza and the nylon takes the dye and the color, and it's just really fun to work with. >> reporter: in the world of high fashion, lepore's clothing line is relatively affordable. dresses typically range between $300 and $400 a piece. but soon, shoppers on a budget will be able to buy nanete lepore fashions. a new lower-priced line will be roed out at j.c. pney stes starting in february. it's a juniors collection called l'amour nanette lepore. it will include dresses, tees, and denim, with most items priced between $30 and $60. lepore says her daughter violet is her muse. >> it's going to have my sort of fun, playfulness, mixed-up app
much. >> reporter: i'm erika miller in new york. coming up, i'll take you back stage to meet nanette lepore, whose designs will soon be coming to a mass market retailer. >> susie: a big change for the dow today as stocks extended their fed rally. kraft foods is being dropped from the dow jones industrial average, we'll have more on the changes in a moment. the blue chip average closed at its highest level since december of 2007. the dow rose 53 points, the nasdaq added 28, and the s&p up nearly six. the major averages gained ground for the second week in a row. the dow in with the biggest weekly pop, up over 2%. back to that big change for the dow 30, kraft is out and united healthcare is in, reflecting the growing role of healthcare in the economy. it's the first change to the industrial average's roster in three years. today's move comes as kraft prepares to split its business into two parts. the global snack maker is spinning off its north american grocery brands into a separate publicly traded company. >> we had to do something about kraft. we didn't feel that the two pieces or e
picture look somewhat better than we thought. darren gersh, nbr, washington. >> reporter: i'm erika miller in new york. coming up, we'll hear from italian prime minister mario monti on the future of the euro. is italy better off with the euro or without? there was a time not so long ago the blackberry device was a korpts status sim bon then came itsix phone and android system. after the closing bell research in motion reported it lost money for the third quarter in a row. but it lost a lot less money than feared. losses were 27 cents per share, that's about 20 cents less than analysts estimate. and perhaps most encouraging after months of delays the company said its newest blackberry device is still on track now to launch in the first quarter of the year. colin gill sis with us, senior technology analyst at bgc financial, he joins us from that firmment dow agree, results not as bad as feared? >> absolutely. its company lives to fight another day. when you look at the results, there were several glimmers of positive notes you could take away including an increase in the cash position and an
.b.r.," new york. >> i'm erika miller in new york. still ahead, i'll show you the hottest toys your kids may be asking for this holiday season. >> it's been four years since bank of america bought merrill lynch. today, b of a agreed to bay $2.4 billion to settle an investor lawsuit. shareholders claimed bank of america hit facts of the buyouts such as losses of merrill lynch and billions of dollars in bonuses. they settled to eliminate the uncertainty, burden, and expense of further litigation." this doesn't end legal problems for bank of america. it still faces lawsuit for mortgages of countrywide which they bought. >> they will say, this is a huge settlement by all standards and what about other settlements. are they going to be so anxious to get rid of them that they'll settle out for big numbers and you can only do some of the settlement. >> the settlement will be covered by money bank of america has set aside and there's an additional $1.9 billion in charges coming. leading the third quarter charges of will 3.5 billion, and that could mean the bank reports a loss for the quarter. also i
for attention and profits in an increasingly crowded field. erika miller was on the case today, checking out the players and their play-things at a toy fair in new york. >> reporter: there's a new nerf blaster. and these monster high goth dolls. who could miss this w.w.e. brawlin' buddies plush toy. just a few of the many competitors for the it toy of the year. mattel is hoping it will be this barbie doll with the ultimate graphic tee. >> we love our innovation with our photo fashion barbie doll. what we love about it is it's a match up between a video camera, which girls love and understand how to play with, but then we've merged it with fashion play. >> reporter: hasbro is bringing back furby with a personality that changes over time. >> if you shake it a lot, if you... if you handle it in a fun way, it can be very mischievous. if you are very sweet, if you pet it, it can develop a very sweet personality. >> reporter: there are always hot toys that sell out every year. but overall, toy sales are expected to be lackluster this holiday season and not just because of the weak economy. >> the
of them or 40% have been out of work for six months or more. erika miller, "n.b.r.," new york. >> reporter: this is darren gersh. the president cast the august jobs report as another positive step on the long road towards recovery. >> today, we learned that after losing 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row, a total of more than 4.6 million jobs. >> reporter: the turnaround was dramatic, but measured against the number of jobs lost in the great recession, the president's policies have only gotten the nation part of the way back to normal. >> a recovery package that was only ever intended to generate around three million jobs when you are fighting something that is going to make you lose eight million jobs, that's just not enough. >> reporter: the administration argues the president would have done more, but he got no help from republicans in congress. >> the president has been focused on taking steps to strengthen the economy, to strengthen job growth, he's worked with congress to do this, he has asked congress for more assistan
. as erika miller explains, we've heard from several well-known firms warning about the global slowdown. >> reporter: burberry's profit warning is not just a negative sign for luxury goods makers; it's part of a bigger trend suggesting the upcoming earnings season could be difficult one. the iconic brand famous for its signature plaid coats is feeling wind chill from china, as well as europe and the u.s.@rr; >> the chinese economy is slowing down, manufacturing there is slowing down. there's a lot of concern with the european debt crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has been talking to other luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales in china, europe and elsewhere. in the s&p 500, there have been 88 negative pr
up to the hype? erika miller takes a closer look at whether the new iphone will be fruitful for apple. >> reporter: this is the new device that could upset the apple cart in the smartphone industry. apple c.e.o. tim cook unveiled the iphone 5 in san francisco. and it has new features designed to fend off competition from rival android phones. >> it is an absolute jewel. it is the most beautiful product we have ever made bar none. >> reporter: now the nitty gritty: the phone is made entirely of glass and aluminum. so it's 18% thinner, and 20% lighter than the last version. it has a larger four inch screen, and a faster data connection. >> the apps on the phone constantly communicate with the network. so if the connection is slow, the phone will be slower. with these faster data connections, people will find that using their phone-- the phone itself will be more responsive. >> reporter: for customers who sign two-year service contracts, the phone will range from $199 to $399. so where does the iphone 5 fall short of the hype? >> you've heard of this ewallet functionality-- using your ph
it gave in june as erika miller reports, that forecast is not just bad news for transportation companies, fedex's gloomier outlook casts a shadow over just about every industry. >> reporter: fedex is no ordinary stock. the company delivers packages to over 220 countries, reaching 95% of global g.d.p. >> fedex has a good view into every aspect of the global economy, and what they are saying is that it's slow everywhere. >> reporter: fedex is also watched closely because it has an unusual fiscal year. it wrapped up its first quarter on august 31. so today's report gives one of the first readings on business conditions during the summer. fedex chief fred smith delivered the bad news. >> while fedex ground and fedex freight improved their profitability in the first quarter, the slowdown in the global economy and global trade constrained revenue growth at fedex express and affected overall earnings. >> reporter: fedex also lowered its 2013 g.d.p. forecasts. it now expects u.s. economic growth will be under 2% next year. globally, it sees g.d.p. growth at 2.7%. economists say that may be optim
homes and apartments rose 2.3%. the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price for a home resale surged to $187,400 during the month. that's up nearly 10% from a year ago-- the biggest year-over-year price increase since the housing boom went bust. that wasn't the only encouraging sign. distressed properties are declining as a percentage of total sales. 22% of sales in august were foreclosures and short sales. a year ago, the level was 31%. record low mortgage rates get some of the credit for encouraging home buying. >> definitely, they are helping at the margin. obviously, that's helping to hold the refinance activity. but also to move the mortgage market. >> reporter: the housing market appears to be gaining traction, even as the economy loses momentum. but there are still plenty of hurdles that will keep t
ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm just a couple of years out of school. >> reporter: a recent survey by wells fargo shows americans are almost evenly divided between feeling better about their situation, worse, and the same. >> every in
. erika miller, "n.b.r.," new york. >> susie: stocks spent much of the day in negative territory as those worries about the global economy weighed on wall street, but late buyg in the blue chips turned the dow positive. the dow closed up almost 19 points, the nasdaq fell six, the s&p down almost a point. joining us now, for more analysis, nick colas, chief market strategist at convergex. so nick, that economic data from china certainly got everybody's attention this morning. and some people are even wondering whether the economy in china is slowing more than we think. what are your thoughts on that? >> it's very good the chinese econom is slowing. that number is actually not all that disappointing but it was the 11th straight month where chinese producers said that business is slowing. so china is clearly on a slower growth path and one that could tip over particularly given the wranglings that we have seen with japan most recently. >> all right so, china is slowing. europe is in a recession. what does all this mean for american businesses. and the federal reserve's promise to save the ec
. the i.m.f.'s currently forecast calls for growth of 3.5% this year, and 3.9% next. erika miller reports. >> reporter: global economic growth appears to be hitting a wall. a "bric" wall that is. there's growing evidence that economic growth is slowing in virtually every part of the globe, even the world's fastest growing economies. the term "bric" was coined a decade ago to refer to brazil, russia, india and china. but if you were to rank the countries by economic importance, the order would be reversed. >> china's been the engine of global growth a very, very long time. and, now because of its deceleration, it's becoming the drag on global growth, if you will. and that's part of the maturation process. >> reporter: but, for now, at least, it doesn't look like the chinese economy is headed for a hard landing. in 2010, china's growth was over 10%. last year it was 9.2%. this year, the i.m.f. expects it to fall to 8%. but that's still a lot better than what's expected in the u.s. next year. >> i'm predicting 2% to 2.5% g.d.p. growth, nothing wild. probably a bit lower than the last 30 year
launch. there are growing complaints about one of the device's biggest changes. its maps. erika miller reports from new york. >> reporter: in a predictable ritual, apple fans camped out overnight to get their hands on the new iphone 5. many are loyal apple fans, eager to upgrade: what features are you most excited about? >> the screen-- the larger screen, the camera, i'm interested to see what that looks like once i start to take pictures and things like that. >> reporter: some came at the behest of their kids. >> i balked at first because their phones are perfectly good. and they work perfectly well. and it was only because my son is turning 12 that he gets a phone that year. so we decided to upgrade the whole family. >> reporter: unfortunately, she could only get two of the four phones she wanted. >> the 32 megabytes in black and white are sold out. they're gone! >> reporter: but for all the hype, apple was still advertising the older 4-s version its store today. the company is also facing backlash against its new map app. the software replaces google maps and websites have already
-term planing." >> reporter: i'm erika miller in new york. still ahead, i'll look at how the outcome of the presidential election could impact gold prices. i'll interview gold trader anthony neglia. >> tom: european markets tumbled as greek workers called a 24 hour strike to protest new austerity measures. over 50,000 people gathered to protest new salary and pension cuts, near the parliament building in athens, and some of the protests erupted into violence. on wall stre: the dow fell 44 points, the nasdaq lost 24, and the s&p down eight points. >> tom: radio shack shook up its executive ranks today, as the troubled retailer looks to survive in an increasingly crowded market place. >> for the first time ever save $5 on our original pocket realistic weather radio, now on sale at radio shack stores only $10.95. >> tom: today, weather is a just a click away on a smart-phone. after little more than a year as c.e.o., james gooch is out, leaving the company and giving up his seat on radio shack's board of directors. the decision was called mutual. ruben ramirez reports on what's next for
Search Results 0 to 49 of about 83 (some duplicates have been removed)